Practice Loan Details


Date: March 29, 2012
Title: $775K Veterinary Practice Acquisition
Practice Type: Veterinary Practice
Loan Terms: $775K VETERINARY PRACTICE ACQUISITION, 6.10% FIXED ADJ. EVERY 5-YRS, 15-YR TERM

Scenario: Successful Veterinarian with two existing practice locations looking to acquire a third practice. She approached 1st Med looking for as close to 100% financing as possible.

100% Conventional Practice Financing Structured with $175K seller hold-back to acquire the practice plus and include $75K in working capital.

Closed 03/29/2012

   

 

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